Zohran Mamdani fires back after Jeff Bezos says doubling billionaire taxes won’t help Queens teachers

Key points

• New York City Mayor Zohran Mamdani pushed back on Wednesday against Jeff Bezos after the Amazon founder and executive chairman questioned whether raising taxes on billionaires would do anything to help working-class New Yorkers.
• “You could double the taxes I pay, and it’s not gonna help that teacher in Queens.
• I promise you,” Bezos said in an interview on CNBC earlier Wednesday.
• Mamdani responded on “I know a few teachers in Queens who would beg to differ.” Bezos, meanwhile, pushed for tax cuts for low-income Americans.
• He called for eliminating federal income taxes on the bottom half of earners, telling CNBC’s Andrew Ross Sorkin on Squawk Box that the top 1% of taxpayers pay about 40% of all tax revenue, while the bottom half pay 3%.